Early trading on the London Stock Exchange indicates investment firms are now waiting for that all-important Bank of England base rate announcement, as performance is so far mixed around the prospect of an interest rate rise.
Within the first few minutes of trading, the FTSE 100 barely moved, as the big name stocks struggled to maintain their positions. RBS fought back against yesterday’s share price drop – following an announcement about the purchase of US financial firm Charter One – and added 14p or 0.9% to £16.39. In contrast, however, BT Group is already on the downward slide, having dropped 1.5p or 0.8% to 178p in the first hour. British Airways, InterContinental, Liberty International, Shire Pharmaceutical and WPP Group all lost at least 1% each within the first hour of trading. In Asia, a ral...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
